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Updated over 6 years ago on . Most recent reply

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49
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Thomas W.
  • Rental Property Investor
  • Chicago, IL
13
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49
Posts

Is there a "best" time of year to buy a rental?

Thomas W.
  • Rental Property Investor
  • Chicago, IL
Posted

When buying a turnkey property that will be immediately rented out, is there a best time of year?

I assume, with a turnkey rental, as soon as you close on a property you'd want to get someone moved in and paying rent as soon as possible?

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Replied

Simply put, the best time to buy a rental, in my experience, is when it is the best deal to meet your personal investment goals (cash flow, desired location for appreciation, target price, etc).   Time of the year is irrelevant compared to the deal itself - there are always folks looking for rentals at all times.  

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